# How do you budget?

**URL:** <https://community.jupiter.money/t/how-do-you-budget/16254>\
**Category:** Feedback & Ideas\
**Created:** [18 November 2021 06:47 UTC](https://community.jupiter.money/t/how-do-you-budget/16254 "2021-11-18T06:47:20Z")\
**Posts on this page:** 4\
**Page:** 1

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**Author:** ![Shawnpinto](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/shawnpinto/32/7656_2.png) [@Shawnpinto](https://community.jupiter.money/u/Shawnpinto)\
**Post date:** [18 November 2021 06:47 UTC](https://community.jupiter.money/t/how-do-you-budget/16254/1 "2021-11-18T06:47:20Z")

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So I’ve recently started to split my finances. I try to follow the 50/30/20 budget rule.

It’s like allocating 50% of your budget to needs such as housing and transportation. 30% goes toward wants, which can be eating out, shopping, travel, and more. Finally, 20% goes toward savings and debt. Starting doing this since November.

Have anyone else tried the 50/30/20 rule? Is yes, how did it work out for you? 🤔

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**Author:** ![Mani](https://avatars.discourse-cdn.com/v4/letter/m/b4bc9f/32.png) [@Mani](https://community.jupiter.money/u/Mani)\
**Post date:** [18 November 2021 10:37 UTC](https://community.jupiter.money/t/how-do-you-budget/16254/2 "2021-11-18T10:37:34Z")

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That’s great Shawn. Thanks for telling about the rule. Generally don’t have a rule but just sharing approximate splits

40% savings, investment and debt  
30% needs(household expenses, bills etc.)  
20% wants(shopping, eating etc.)  
10% donation

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**Author:** ![Shawnpinto](https://sea2.discourse-cdn.com/flex020/user_avatar/community.jupiter.money/shawnpinto/32/7656_2.png) [@Shawnpinto](https://community.jupiter.money/u/Shawnpinto)\
**Post date:** [18 November 2021 10:46 UTC](https://community.jupiter.money/t/how-do-you-budget/16254/3 "2021-11-18T10:46:14Z")

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Oh that’s a nice split! Have you been following these for some time now?

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**Author:** ![Mani](https://avatars.discourse-cdn.com/v4/letter/m/b4bc9f/32.png) [@Mani](https://community.jupiter.money/u/Mani)\
**Post date:** [18 November 2021 10:54 UTC](https://community.jupiter.money/t/how-do-you-budget/16254/4 "2021-11-18T10:54:15Z")

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Yes thanks since I have started working , around 5 years. Looking forward to hear and learn from others